it assessee (father) property (flat)gift to son value rs:35 lacs
question:
father gift to son cash or proprietary benefit in it act.
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Benefit gift of cash or proprietary
Replies (1)
FATHER'S GIFT TO SON WITH REGISTERED GIFT DEED IS EXEMPT UNDER IT ACT.
CASH GIFT BELOW 2 LAKHS ALSO ACCEPTABLE PROVIDED GIFT DEED REGISTERED.
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